Topic: Bitcoin must come back to its original use - currency ! - page 8. (Read 1844 times)
Bitcoin started as a currency, but it's more of a commodity now. One has to wonder if Bitcoin got more traction as a currency would it have been as popular as it's now as a commodity? Would Bitcoin prices have been much more stable than now where users would have been using it for day-to-day lives? Not likely. Not about Bitcoin vs fiat, but if you're living in a country with a strong and stable economic conditions, Bitcoin doesn't serve much purpose as a medium of exchange, other payment systems would do the job, unless Bitcoin transactions are that cost-effective, but yeah in a hyperinflated or a nation with a broken economic structure, that's where Bitcoin serves its true purpose as a medium of exchange.
I think that's really impossible to take bitcoin back to it's original use as currency, because investors are keep on hoarding it themselves for long-term investment
As the title says I am pretty sure most of us who understands "what is the actual use of the bitcoin will know what it says"
Bitcoin :
Mint Symbol : BTC
Value : Avg. 10K USD/BTC
Form : Virtual
Use : Currency
This should have been the actual thing after the Satoshi's dream to release the coin like BTC in the market. The bitcoin was supposed to be used as currency to buy and sell things the same way we do with our dollar.
The first use of BTC was done when the guy bought pizza for 10K BTC. That was the thing which should have been continued today also. No matter what how much you pay for pizza in those early days, it could have been few satoshi's today but it could have worked just fine.
The status of the BTC has now turned to commodity. The commodity which is being traded globally for the own profit and to run the different industries. This is getting ridiculous day by day as replica of it coming out of the forks.
This Should have been the Future:
Bitcoin is ebbing used as currency in 2009-2010. Government see that its popularity is growing day by day and it could be of could use in the financial sectors, lets implement the blockchain in our banks!
Bitcoin earns the legal status
Bitcoin gets widespread across the globe and rest of the country follow the same and thus the nationwide legal status turns into the global legal tender!
People start using the BTC for trading daily life needs with help of bitcoin.
There are no creation of million BTC addresses daily but the only one unique address per head per bank account!
No exchangers are being created but only handy smart phone apps and PC wallets to store the coins linked with bank chain.
Bitcoin smoothly shifts in the market capitalism and keeps going upwards slowly but steadily. The value rises and it gets cheaper to use for daily needs.
Global financial advisor think about minted coins to be formed physically with unique barcodes printed on them.
First appearance of the BTC in the global market!
Yes, that seems to me perfect. This is what bitcoin could have followed but greedy human changed its history by using it for their own benefit as commodity.
The original and the real purpose of bitcoin is on deepweb bitcoin was used to buy and sell. In Silk road at deepweb you know what is silk road? Its a black market where those illegal things can be bought. Like drugs guns animals. Endangered species. And even hired guns. Theres a lot of illegal doings at deepweb and thats how bitcoin was born. Bitcoin :
Mint Symbol : BTC
Value : Avg. 10K USD/BTC
Form : Virtual
Use : Currency
This should have been the actual thing after the Satoshi's dream to release the coin like BTC in the market. The bitcoin was supposed to be used as currency to buy and sell things the same way we do with our dollar.
The first use of BTC was done when the guy bought pizza for 10K BTC. That was the thing which should have been continued today also. No matter what how much you pay for pizza in those early days, it could have been few satoshi's today but it could have worked just fine.
The status of the BTC has now turned to commodity. The commodity which is being traded globally for the own profit and to run the different industries. This is getting ridiculous day by day as replica of it coming out of the forks.
This Should have been the Future:
Bitcoin is ebbing used as currency in 2009-2010. Government see that its popularity is growing day by day and it could be of could use in the financial sectors, lets implement the blockchain in our banks!
Bitcoin earns the legal status
Bitcoin gets widespread across the globe and rest of the country follow the same and thus the nationwide legal status turns into the global legal tender!
People start using the BTC for trading daily life needs with help of bitcoin.
There are no creation of million BTC addresses daily but the only one unique address per head per bank account!
No exchangers are being created but only handy smart phone apps and PC wallets to store the coins linked with bank chain.
Bitcoin smoothly shifts in the market capitalism and keeps going upwards slowly but steadily. The value rises and it gets cheaper to use for daily needs.
Global financial advisor think about minted coins to be formed physically with unique barcodes printed on them.
First appearance of the BTC in the global market!
Yes, that seems to me perfect. This is what bitcoin could have followed but greedy human changed its history by using it for their own benefit as commodity.
Maybe in the future we will use bitcoin only as a currency, but at the moment it is more like a method of investment, and not every country has a positive attitude towards bitcoin or use it as a means of payment.
Yes, Every country needs to follow some rules and regulation before accepting but if they legal Bitcoin, surely it will affect their currency. Maybe this is one of the reasons why the country doesn't want to legal Bitcoin as the currency.
Yes, I absolutely agree with this. If bitcoin is not primarily used as a means of payment, but will be largely used as a means of accumulating value, it can eventually lead to its complete or partial depreciation and then its digital gold will disappear as smoke. Many seek only to derive profits from it from its price growth and buy, hold bitcoin. However, this is a dead-end road, it can not lead to anything good.
As the title says I am pretty sure most of us who understands "what is the actual use of the bitcoin will know what it says"
Bitcoin :
Mint Symbol : BTC
Value : Avg. 10K USD/BTC
Form : Virtual
Use : Currency
This should have been the actual thing after the Satoshi's dream to release the coin like BTC in the market. The bitcoin was supposed to be used as currency to buy and sell things the same way we do with our dollar.
The first use of BTC was done when the guy bought pizza for 10K BTC. That was the thing which should have been continued today also. No matter what how much you pay for pizza in those early days, it could have been few satoshi's today but it could have worked just fine.
The status of the BTC has now turned to commodity. The commodity which is being traded globally for the own profit and to run the different industries. This is getting ridiculous day by day as replica of it coming out of the forks.
This Should have been the Future:
Bitcoin is ebbing used as currency in 2009-2010. Government see that its popularity is growing day by day and it could be of could use in the financial sectors, lets implement the blockchain in our banks!
Bitcoin earns the legal status
Bitcoin gets widespread across the globe and rest of the country follow the same and thus the nationwide legal status turns into the global legal tender!
People start using the BTC for trading daily life needs with help of bitcoin.
There are no creation of million BTC addresses daily but the only one unique address per head per bank account!
No exchangers are being created but only handy smart phone apps and PC wallets to store the coins linked with bank chain.
Bitcoin smoothly shifts in the market capitalism and keeps going upwards slowly but steadily. The value rises and it gets cheaper to use for daily needs.
Global financial advisor think about minted coins to be formed physically with unique barcodes printed on them.
First appearance of the BTC in the global market!
Yes, that seems to me perfect. This is what bitcoin could have followed but greedy human changed its history by using it for their own benefit as commodity.
It was originally designed and created to serve as a currency but at the moment it is deemed more of an investment. Although popularity is growing acceptance and adaptability is slow but if we could somehow break this barrier then definitely its original purpose of being a currency would materialize. Bitcoin :
Mint Symbol : BTC
Value : Avg. 10K USD/BTC
Form : Virtual
Use : Currency
This should have been the actual thing after the Satoshi's dream to release the coin like BTC in the market. The bitcoin was supposed to be used as currency to buy and sell things the same way we do with our dollar.
The first use of BTC was done when the guy bought pizza for 10K BTC. That was the thing which should have been continued today also. No matter what how much you pay for pizza in those early days, it could have been few satoshi's today but it could have worked just fine.
The status of the BTC has now turned to commodity. The commodity which is being traded globally for the own profit and to run the different industries. This is getting ridiculous day by day as replica of it coming out of the forks.
This Should have been the Future:
Bitcoin is ebbing used as currency in 2009-2010. Government see that its popularity is growing day by day and it could be of could use in the financial sectors, lets implement the blockchain in our banks!
Bitcoin earns the legal status
Bitcoin gets widespread across the globe and rest of the country follow the same and thus the nationwide legal status turns into the global legal tender!
People start using the BTC for trading daily life needs with help of bitcoin.
There are no creation of million BTC addresses daily but the only one unique address per head per bank account!
No exchangers are being created but only handy smart phone apps and PC wallets to store the coins linked with bank chain.
Bitcoin smoothly shifts in the market capitalism and keeps going upwards slowly but steadily. The value rises and it gets cheaper to use for daily needs.
Global financial advisor think about minted coins to be formed physically with unique barcodes printed on them.
First appearance of the BTC in the global market!
Yes, that seems to me perfect. This is what bitcoin could have followed but greedy human changed its history by using it for their own benefit as commodity.
One of BTC's strength, which is its deflationary nature, is also one of its greatest weaknesses. Like gold, its most valued utility is as an investment and a store of value if one was willing to take the volatility. But theres only one way BTC is going. Up.
With that said, tell me, are you willing to spend your coins for your daily needs? Then prove it. Because I dont. The opportunity cost is too great.
With that said, tell me, are you willing to spend your coins for your daily needs? Then prove it. Because I dont. The opportunity cost is too great.
If you want to use cryptocurrency for your daily needs then you need to trade in the market daily in order to earn more profit because some of the investors today are just using the volatility of the market and not pursuing the long term holding in order to earn more profit.
It seems impossible at this moment. The Fiats stand in the way of btcs in fulfilling their real motive
I like btcs real strength, its fluctuations is the main cause that causing weakness and may change its fate.
I think Bitcoin is still used as a currency by so many people around the world, especially for trading altcoins, and also for completing the deals in the marketplaces which support BTC like the marketplace of this forum.
But some people still treat BTC as an asset because its high value and price.
But some people still treat BTC as an asset because its high value and price.
Because the price of BTC is very volatile.
People just use BTC to make a profit!
Money is a measure of value, and the price volatility of BTC is very difficult to withdraw money.
This problem is not impossible to solve and will not live forever because Bitcoin is a currency acting and responding very rapidly to people and people are using it in order to save their money so the problem is possible to solve. If some governments accede to adopt Bitcoin as a currency according to the agreement then Bitcoin will be stable and not remain unstable forever.People just use BTC to make a profit!
Money is a measure of value, and the price volatility of BTC is very difficult to withdraw money.
I think it is not that easy as you think mate. If this issue is just easy to solve, then it should have been solved before already. The thing is that, we cannot freely move to make any action because the government may interfere in our action that might change big time for bitcoin.
Let us remember that if bitcoin will be used solely as a currency, it will lose its value and shall not be considered as an investment. too bad that it will happen because that only thing that will happen to bitcoin then will be as form of currency.
Bitcoin is still considered as an asset nowadays more than a currency, because a lot of reasons. Bitcoin is not supported by most big marketplaces online until yet and also not supported offline and even banned by some countries. Using it as a currency in this conditions is very hard.
As the title says I am pretty sure most of us who understands "what is the actual use of the bitcoin will know what it says"
Bitcoin :
Mint Symbol : BTC
Value : Avg. 10K USD/BTC
Form : Virtual
Use : Currency
This should have been the actual thing after the Satoshi's dream to release the coin like BTC in the market. The bitcoin was supposed to be used as currency to buy and sell things the same way we do with our dollar.
The first use of BTC was done when the guy bought pizza for 10K BTC. That was the thing which should have been continued today also. No matter what how much you pay for pizza in those early days, it could have been few satoshi's today but it could have worked just fine.
The status of the BTC has now turned to commodity. The commodity which is being traded globally for the own profit and to run the different industries. This is getting ridiculous day by day as replica of it coming out of the forks.
This Should have been the Future:
Bitcoin is ebbing used as currency in 2009-2010. Government see that its popularity is growing day by day and it could be of could use in the financial sectors, lets implement the blockchain in our banks!
Bitcoin earns the legal status
Bitcoin gets widespread across the globe and rest of the country follow the same and thus the nationwide legal status turns into the global legal tender!
People start using the BTC for trading daily life needs with help of bitcoin.
There are no creation of million BTC addresses daily but the only one unique address per head per bank account!
No exchangers are being created but only handy smart phone apps and PC wallets to store the coins linked with bank chain.
Bitcoin smoothly shifts in the market capitalism and keeps going upwards slowly but steadily. The value rises and it gets cheaper to use for daily needs.
Global financial advisor think about minted coins to be formed physically with unique barcodes printed on them.
First appearance of the BTC in the global market!
Yes, that seems to me perfect. This is what bitcoin could have followed but greedy human changed its history by using it for their own benefit as commodity.
Bitcoin :
Mint Symbol : BTC
Value : Avg. 10K USD/BTC
Form : Virtual
Use : Currency
This should have been the actual thing after the Satoshi's dream to release the coin like BTC in the market. The bitcoin was supposed to be used as currency to buy and sell things the same way we do with our dollar.
The first use of BTC was done when the guy bought pizza for 10K BTC. That was the thing which should have been continued today also. No matter what how much you pay for pizza in those early days, it could have been few satoshi's today but it could have worked just fine.
The status of the BTC has now turned to commodity. The commodity which is being traded globally for the own profit and to run the different industries. This is getting ridiculous day by day as replica of it coming out of the forks.
This Should have been the Future:
Bitcoin is ebbing used as currency in 2009-2010. Government see that its popularity is growing day by day and it could be of could use in the financial sectors, lets implement the blockchain in our banks!
Bitcoin earns the legal status
Bitcoin gets widespread across the globe and rest of the country follow the same and thus the nationwide legal status turns into the global legal tender!
People start using the BTC for trading daily life needs with help of bitcoin.
There are no creation of million BTC addresses daily but the only one unique address per head per bank account!
No exchangers are being created but only handy smart phone apps and PC wallets to store the coins linked with bank chain.
Bitcoin smoothly shifts in the market capitalism and keeps going upwards slowly but steadily. The value rises and it gets cheaper to use for daily needs.
Global financial advisor think about minted coins to be formed physically with unique barcodes printed on them.
First appearance of the BTC in the global market!
Yes, that seems to me perfect. This is what bitcoin could have followed but greedy human changed its history by using it for their own benefit as commodity.
Bitcoin now is more used in terms of money generating or profit earning system. People are buying and selling bitcoin for a purpose of making income rather than use it as a currency. Bitcoin is not only created as currency but also a a means of maming profit. This is the reality now.
we are no one to change the fate. Destiny will decide what will happen with btcs not us.
One of BTC's strength, which is its deflationary nature, is also one of its greatest weaknesses. Like gold, its most valued utility is as an investment and a store of value if one was willing to take the volatility. But theres only one way BTC is going. Up.
With that said, tell me, are you willing to spend your coins for your daily needs? Then prove it. Because I dont. The opportunity cost is too great.
With that said, tell me, are you willing to spend your coins for your daily needs? Then prove it. Because I dont. The opportunity cost is too great.
Actually, it was not a problem and cryptocurrency does not have a weakness because there is always a way to earn profit, investing a huge amount on market when the prices are low is good and do the vice versa because they were both really profitable.
It was possible some years ago here, when we had really much more less users than now, and I remember our motivation back in these years was to see bitcoin accepted by big merchants
It seems to be difficult into turning back, cause the minds of people are now on making bitcoin as an investment not a simple form of currency. Even big merchants tend to rally its purpose to the community but it feels that people won't listen into it.
Bitcs real motive was none of it. Their real motive was to be used as mere gift tokens. That ended up in so high expectations
Maybe in the future we will use bitcoin only as a currency, but at the moment it is more like a method of investment, and not every country has a positive attitude towards bitcoin or use it as a means of payment.
Because the price of BTC is very volatile.
People just use BTC to make a profit!
Money is a measure of value, and the price volatility of BTC is very difficult to withdraw money.
This problem is not impossible to solve and will not live forever because Bitcoin is a currency acting and responding very rapidly to people and people are using it in order to save their money so the problem is possible to solve. If some governments accede to adopt Bitcoin as a currency according to the agreement then Bitcoin will be stable and not remain unstable forever. People just use BTC to make a profit!
Money is a measure of value, and the price volatility of BTC is very difficult to withdraw money.
The protocol for bitcoin must evolve to use it back as currency, so if everybody starts to use their coins, fees will rise again, maybe even more than in december
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